SK Materials of the foremost Korean SPG manufacturer in its FY2019 ending December marked increases in sales by 12% amounting to 772.2 billion wons (equivalent to JPY69.5 billion) and ordinary profit by 17% amounting to 215.7 wons (JPY1.9 billion) and EBITDA by 18% amounting to 328.2 billion wons (JPY29.5 billion), comparing with the result in the previous year.

In 2016, SK Materials was renamed from OCI Materials of which 49.1% shares were acquired by SK Holdings of Korean major conglomerate. In 2018, Taiyo Nippon Sanso which had possessed 20% shares of SK Air Gas of the group company then acquired the total shares and made it fully affiliated.

Under the umbrella of the group there are SK Trichemical (65% invested by SK Materials) which is a JV with Tri Chemical Laboratories of Japanese special chemicals Manufacturer, SK Showa Denko (51% invested by SK Materials) which is a JV with Showa Denko and Hanyu Chemical (80% invested by SK Materials) which is a liquid carbon dioxide manufacturer.

In 2015 before the M&A, SK Materials sold 338 billion wons and the profit before tax amounted to 168.4 billion wons, having 30 customers with the product lineup of 6 categories only. However, in 2019, the sales increased 2.2 times marking the profit before tax 1. 9 times more, having 141 customers with the product lineup expanded to 39 categories. It may well be said that the company has been brought up from a SPG manufacturer to a general industrial gas manufacturer during these five years.